$Alibaba(09988)$ already had an run up before earnings due to government intervention. if it doesn't perform well more people will decide to cut loses or those that bought it will try break even while waiting for lower lows. due to China economy, more people are spending less while saving more and since there's major slow down in the economy cloud might possibly see no growth thus adding the possibility of baba not doing well in this earning. Other sectors that baba is in might need to pick up the slack which I think those sectors are struggling too. thus to me, high chances that baba share price will dip after reporting so-so or bad numbers. I might be wrong but I don't think my analysis is on the delusional end that baba will go $250 EOY prediction for no good reasons only just because it did reached $300 per share previously.Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
